Semiconductor designer Lattice Semiconductor (NASDAQ: LSCC) will be reporting results this Monday after market close. Here’s what to expect.
Lattice Semiconductor met analysts’ revenue expectations last quarter, reporting revenues of $124 million, flat year on year. It was a mixed quarter for the company, with an improvement in its inventory levels.
Is Lattice Semiconductor a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Lattice Semiconductor’s revenue to grow 4.7% year on year to $133 million, a reversal from the 33.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.28 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lattice Semiconductor has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Lattice Semiconductor’s peers in the processors and graphics chips segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Intel delivered year-on-year revenue growth of 2.8%, beating analysts’ expectations by 3.7%, and Penguin Solutions reported revenues up 8.6%, falling short of estimates by 1.3%. Intel’s stock price was unchanged after the resultswhile Penguin Solutions was down 15.9%.
Read our full analysis of Intel’s results here and Penguin Solutions’s results here.
There has been positive sentiment among investors in the processors and graphics chips segment, with share prices up 5.6% on average over the last month. Lattice Semiconductor’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $72.92 (compared to the current share price of $72.97).
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